New York, Mar. 12: American bankers headed by the Morgans have established a credit of hundred million dollars in favour of the Banque of France.
London, Mar. 13: The French loan is fully secured by gold in the vaults of the Banque de France, which is acting for the French Government and will be used to stabilise French exchange and for other purposes. It is understood that the duration of the loan is for one year.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.